Iron and Steel News

AK Steel said today that it has signed an agreement to acquire Severstal North America's integrated steelmaking assets located in Dearborn, Michigan for $700 million in cash. The acquisition also includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.

Steel Dynamics, Inc. today announced that it has entered into a definitive agreement to acquire 100% of Severstal Columbus, LLC ("Columbus") from OAO Severstal. Located in northeast Mississippi, Columbus is one of the newest and most technologically advanced mini-mills in North America. Steel Dynamics will purchase Columbus for $1.625 billion in cash, subject to customary transaction purchase price adjustments.

The coupled pickling line-tandem cold mill (PLTCM) supplied by Siemens Metals Technologies was commissioned for Valin ArcelorMittal Automotive Steel Co., Ltd. (VAMA) at the end of May. The line is part of a new cold rolling complex in Loudi, in the Chinese Province of Hunan.

Siemens Metals Technologies has won an order from Mexican steel producer Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA) to supply a 150-ton, twin RH vacuum degassing plant with mechanical vacuum pumps for converter Steel Works # 2 in Monclova.

Edwards has partnered with two major steel contractors to supply dry pumping vacuum technology for vacuum degassing (VD). Edwards is one of the most experienced suppliers in the market for dry vacuum pumping systems and this depth of expertise enables our technical specialists to understand and provide solutions to customers’ application challenges.

Trinity Industries, Inc. today announced that it has entered into an agreement to acquire the assets of Meyer Steel Structures (“Meyer”), the utility steel structures division of Thomas & Betts Corporation, a member of the ABB Group, for a purchase price of approximately $600 million.

The potential expansion would increase melting and casting capabilities by up to 1.2 million tons above current melting capacity. This represents roughly an additional 800,000 tons per year of finished product along with 400,000 tons of melting capacity to be transferred as slab to SSAB’s Mobile facility for rolling and finishing.

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